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BIS Quarterly Review, September 2022

BIS Quarterly Review, September 2022

Worsening growth prospects and evolving perceptions of the monetary stance shaped financial markets during the review period.1 Economic indicators deteriorated due to the fallout from the Ukraine war and weakness in China. Marketbased expectations of inflation and policy rates fluctuated as monetary tightening quickened globally and energy disruptions intensified in Europe. All these factors swayed financial conditions and contributed to market volatility. […]